2:17 PM
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Singapore Stock News
Singapore shares fell by midday on Friday, in line with the regional trend, as local traders took a breather after three consecutive days of gains.
U.S. jobs data due later in the day will probably set the tone for next week.
At 0500 GMT, the Straits Times Index (STI) was down 0.4 percent, or 11.74 points, at 2,701.28. Nearly 310 million shares worth S$281 million ($217 million) were traded, compared with 390 million shares worth S$333.8 million at the same time on Thursday.
Shares of Singapore's United Overseas Bank Ltd and Oversea-Chinese Banking Corp Ltd fell 1.8 percent and 1.3 percent, respectively. DBS Group Holdings Ltd retreated by a smaller 0.9 percent despite news of unauthorised withdrawals from some customer accounts.
Asian Market Down
Asian stocks (MXAP) slid the most in three weeks, oil fell and South Korea’s won weakened as concern about Europe’s debt crisis outweighed forecasts for U.S. employment gains. The euro traded near a 15-month low versus the dollar.
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